Keysight Technologies (NYSE:KEYS) PT Raised to $151.00 at Barclays

Keysight Technologies (NYSE:KEYS) had its target price lifted by Barclays from $141.00 to $151.00 in a research note released on Tuesday, Benzinga reports. They currently have an equal weight rating on the scientific and technical instruments company’s stock.

A number of other research analysts have also recently commented on KEYS. Robert W. Baird boosted their target price on shares of Keysight Technologies from $155.00 to $167.00 and gave the stock an outperform rating in a research report on Tuesday. Susquehanna reduced their target price on shares of Keysight Technologies from $208.00 to $195.00 and set a positive rating on the stock in a research report on Tuesday. Citigroup boosted their target price on shares of Keysight Technologies from $157.00 to $168.00 and gave the stock a buy rating in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. cut shares of Keysight Technologies from an overweight rating to a neutral rating and reduced their target price for the stock from $184.00 to $170.00 in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $166.33.

Keysight Technologies Trading Down 2.5 %

Shares of KEYS stock opened at $143.84 on Tuesday. The stock has a market cap of $25.11 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 6.63 and a beta of 1.06. The company has a quick ratio of 1.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.24. Keysight Technologies has a fifty-two week low of $118.57 and a fifty-two week high of $172.72. The firm’s 50 day moving average price is $151.82 and its two-hundred day moving average price is $150.04.

Keysight Technologies (NYSE:KEYS) last announced its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.04. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Keysight Technologies had a net margin of 15.70% and a return on equity of 23.79%. Keysight Technologies’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.72 earnings per share. On average, analysts anticipate that Keysight Technologies will post 5.4 EPS for the current year.

Insider Buying and Selling at Keysight Technologies

In other Keysight Technologies news, SVP Kailash Narayanan sold 4,300 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $152.88, for a total transaction of $657,384.00. Following the completion of the sale, the senior vice president now owns 29,156 shares in the company, valued at $4,457,369.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Keysight Technologies

Several institutional investors have recently modified their holdings of KEYS. Swedbank AB bought a new position in shares of Keysight Technologies during the first quarter worth about $621,993,000. Jennison Associates LLC bought a new position in shares of Keysight Technologies during the fourth quarter worth about $395,789,000. Price T Rowe Associates Inc. MD grew its position in shares of Keysight Technologies by 352.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,160,879 shares of the scientific and technical instruments company’s stock worth $494,299,000 after acquiring an additional 2,462,543 shares during the last quarter. Norges Bank bought a new position in shares of Keysight Technologies during the fourth quarter worth about $303,444,000. Finally, Capital World Investors bought a new position in shares of Keysight Technologies during the first quarter worth about $250,097,000. Institutional investors own 84.58% of the company’s stock.

About Keysight Technologies

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, electronic, and education industries in the Americas, Europe, and the Asia Pacific. The company operates in two segments, Communications Solutions Group and Electronic Industrial Solutions Group.